Latest News- Industrial Wireless In Process Industries Market: WLAN is expected to lead the Technology segment during 2025-2029

The Industrial Wireless In Process Industries Market is being driven by Reduction in installation and retrofit costs of wireless system

The Industrial Wireless In Process Industries Market is expected to grow at a CAGR of 14.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2535.8 million. In the realm of process industries, wireless technologies have revolutionized business operations by enabling Machine-to-Machine (M2M) communication and interaction. Advanced wireless solutions have empowered end-users to deploy M2M services for managing various aspects of their businesses, such as remote monitoring of industrial facilities and shop floors. Wireless LANs, sensors, and wearable devices are among the key technologies driving this trend. These devices generate substantial data in critical areas, ensuring seamless integration of multi-disciplinary industrial facilities and enabling effective decision-making and performance measurement in control rooms. The scope of M2M interaction and connectivity continues to expand, making wireless communication technology an indispensable tool for process industries seeking to optimize their operations and enhance productivity. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • WLAN
  • WirelessHART
  • WiMAX
  • Others
• End-user
  • Oil and gas industry
  • Power industry
  • Water and wastewater industry
  • Others
• Application
  • Process automation
  • Condition monitoring
  • Asset tracking
  • Safety systems
  • Remote data acquisition
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Reduction in installation and retrofit costs of wireless system
• Accelerating bandwidth requirements for upgrading existing networks
• Increasing focus on predictive maintenance

However, the market also witnesses some limitations, which are as follows:

• Growing security concerns with wireless networks
• Interoperability concerns with wireless technologies in process automation
• Increasing penetration of Power over Ethernet

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Market Scope in Industrial Wireless In Process Industries Market Research Report

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Research Analysis Overview

In the realm of in process industries, the adoption of industrial wireless standards facilitates wireless sensor deployment for network infrastructure design, enhancing data acquisition systems and process monitoring software. Remote asset management and industrial control systems benefit from data visualization tools, system integration services, and network security measures. Wireless communication range and signal interference mitigation are crucial considerations, along with data transmission protocols, error correction, and system upgrade strategies. Network maintenance tasks, operational efficiency gains, and equipment downtime reduction are key benefits. Production line optimization, energy consumption monitoring, quality control enhancements, and process safety systems are further advantages. System failure analysis and risk management strategies require software updates management and hardware maintenance schedules, while network bandwidth allocation ensures seamless data transfer.

Market Research Overview

The Industrial Wireless In Process Industries Market encompasses the use of wireless sensor networks, Industrial IoT platforms, and process automation systems for real-time data acquisition. This market is a segment of the larger Global Communications Equipment Market, which includes manufacturers of enterprise networking products, communications infrastructure, and telecom equipment. Technavio estimates the market size based on revenue generated from communication equipment sales, broadcasting equipment, and telecommunication equipment, as well as service providers' infrastructure investments. Key growth drivers for the Global Communications Equipment Market include the expanding number of data centers, necessitating substantial investments in advanced communication systems for efficient data transfer and processing.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/